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CEO resigns as Xerox scraps $6.1 billion sale to Fujifilm

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It was only February when it was announced that Fujifilm would be acquiring American-owned Xerox in a $6.1 billion deal. It seems that now, though, that deal is not going to happen, thanks to a couple of “activist investors”, reports the BBC. Carl Icahn and Darwin Deason own, between them, 15% of Xerox and had opposed the deal. They say it undervalued the company and trouble has been brewing ever since/

Six Xerox board members and CEO, Jeff Jacobson agreed to step down in a settlement deal reached just a couple of weeks ago. This caused a 3% drop in Xerox shares, following a court decision to temporarily halt the deal. Now, the BBC report that Xerox has officially ended the sale.

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Fujifilm becomes Fuji Xerox in acquisition creating an $18 billion monster

Yes, the Japanese company, Fujifilm Holdings, which makes everything from cameras to makeup is acquiring Xerox in a $6.1 billion deal. The merger is reported to have a combined revenue of $18 billion. The two companies have been partners under the brand Fuji Xerox for over 50 years, but now Fuji will become the majority stakeholder in the American company, made famous by its photocopiers.

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Electrophotography Uses Xerox Machines to Create Photos

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You may not be aware of the term electrophotography, but you’ve most likely used it. Its other name, xerography, might give you a better idea of what it does.

Using the same technology as Xerox machines (or most photocopier machines for that matter), but for a different purpose, artists such as photographer Tom Carpenter are able to create unique prints.

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